Section 195 of ISA : Section 195: Appointment Of Curator Pending Determination Of Proceeding

Explanation using Example

Imagine a scenario where Mr. Sharma, an elderly man, passes away leaving behind a substantial estate. His will is being contested by two of his children, resulting in a legal dispute. During the proceedings, it comes to the court's attention that one of the children currently in possession of a part of the estate is likely to sell off assets at an undervalued price, which could potentially harm the interests of the other beneficiaries. The court, fearing m...

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